Ethereum

April

Spot

<p><strong>Ethereum</strong><a href="https://yellow.com/asset/eth" rel="noopener noreferrer nofollow">(ETH)</a> has bounced 22% off its <a href="https://yellow.com/news/ethereum-low-since-2023-still-sliding" rel="noopener noreferrer nofollow">June low</a> as large wallets absorbed roughly $950 million in coins, reviving talk of a market bottom.</p>
<h2 id="key-points">Key Points:</h2>
<blockquote>
 <ul>
  <li>ETH has climbed about 22% from its June trough near $1,507 and reclaimed its monthly VWAP.</li>
  <li>Whale wallets added close to $950 million in ETH within a week as exchange outflows resumed.</li>
  <li>Rising futures open interest points to a leverage-led bounce, leaving the bottom unconfirmed.</li>
 </ul>
</blockquote>
<h2 id="ethereum-reclaims-monthly-vwap">Ethereum Reclaims Monthly VWAP</h2>
<p>The token closed back above its monthly volume-weighted average price on Jun. 14, a line many trading desks treat as the divide between accumulation and distribution. It <a href="https://crypto.news/can-ethereum-break-out-of-its-bearish-flag-as-whales-accumulate/" rel="noopener noreferrer nofollow">climbed</a> past $1,705 and now trades near $1,771, about 22% above the June trough near $1,507. Past reclaims of that line in April and May each preceded short rallies before momentum faded.</p>
<p>Spot ETF products tied to ETH took in $22.50 million on Jun. 15, snapping an outflow run that had <a href="https://memeburn.com/ethereum-exchange-inflows-hit-4-month-high-should-eth-holders-be-worried/" rel="noopener noreferrer nofollow">stretched</a> across roughly five weeks and near $900 million. Total net assets across the funds now sit close to $9.96 billion, far below their peak.</p>
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<h2 id="whale-accumulation-signals-seller-exhaustion">Whale Accumulation Signals Seller Exhaustion</h2>
<p>Large holders kept buying through the decline rather than waiting for the cross. Addresses tracked by <strong>Santiment</strong><a href="https://coincentral.com/ethereum-eth-price-accumulation-hits-2026-high-as-arthur-hayes-linked-wallet-buys-5-4m/" rel="noopener noreferrer nofollow">lifted</a> their balance from about 124.85 million ETH on Jun. 10 to roughly 125.4 million now, worth close to $950 million in under a week. On-chain figures put that accumulation at its fastest pace of 2026.</p>
<p>Heavy selling appears to have dried up around Jun. 7, when coins began <a href="https://u.today/800-million-of-ethereum-scooped-by-whales" rel="noopener noreferrer nofollow">moving</a> off exchanges into private storage, a shift that lines up with the whale buying. Research firm <strong>Swissblock</strong> frames ETH as deep in a capitulation phase, the sustained stress that often forms a floor once sellers burn out.</p>
<h2 id="leverage-clouds-the-bottom-call">Leverage Clouds The Bottom Call</h2>
<p>One factor complicates the bottom call. Open interest in ETH futures has jumped from about $8.86 billion in early June to roughly $9.96 billion, briefly touching $10.27 billion. Durable bottoms usually form after leverage flushes out and stays low, yet here it is rebuilding as price climbs.</p>
<p>Those crowded longs look fragile.</p>
<p>A daily close above $1,851 would confirm the rebound, while $1,624 and the $1,507 low mark the floors beneath it. The bounce caps a brutal month that dragged ETH from above $2,000 to multi-year lows on a record stretch of ETF redemptions. Whether this reclaim holds or fades back under the VWAP will decide if the bottom is real.</p>
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Ethereum Whales Buy $950M As ETH Bounces 22% From June Low

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